"keeping your powder dry" probably depends on the local market - generally it's smart to wait 6-12 months for lower prices.

The one thing about HUD that is both positive and negative is that you have to close in 7 days from the day you set the close and this is good if you have a buyer for the home but if you set the close and for some reason the buyer misses the date even by one day you have to wait another 7 days.

Maybe there are no good answers ....that we just have to wait and see what happens?

Especially if there are nice REOs available (yes, it does happen.)If the bank won't come off their price, then just wait.

Doing a lease option might or might not help ease the pain of selling.5) If the numbers accurate, it looks like they actually could just do a straight sale with minimal pain.

Montana is still a strong market but not what it was a couple of years ago.Hopefully, we will have minimal suffering.

If you expect me to post any of my completed deals on a public discussion forum to try and further prove to you that what I've said is authentic then you'll be waiting along time.

We have completed everything for financing etc, now we are just waiting on countrywide to send the deed.

richard, its what i was told based on the price rehab and ARV...still waiting to see if its too good to be true or not...

Hey Chris, I'm assuming your in Texas from the 'foreclosure-tx'I'm sure worse case scenario you could wait for it to become an REO and contact the listing agent. here's what or foreclosure notices look like here in Maricopa county, Arizona: http://recorder.maricopa.gov/recdocdata/UnofficialDocs.aspx?